NEC Corporation

Eleven-Year Summary



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                                                                         In millions of yen

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                                                 1987          1988          1989          1990          1991          1992

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For the fiscal year:

 Sales and other income.....................Y 2,505,227   Y 2,755,217   Y 3,126,764   Y 3,504,308   Y 3,768,946   Y 3,851,579

 Net sales..................................  2,449,735     2,714,736     3,082,800     3,444,177     3,698,798     3,773,850

 Operating income...........................     92,309       112,835       184,811       233,375       214,547       121,448

 Income before income taxes.................     58,895        72,050       132,190       173,741       134,189        51,445

 Income taxes...............................     45,473        50,844        87,264       105,567        87,166        45,599

 Net income.................................     15,034        25,363        64,477        85,219        54,383        15,276

 Capital expenditures.......................    193,623       249,987       285,726       343,778       356,731       321,727

 Depreciation...............................    156,048       162,407       171,899       199,062       231,192       235,646

 R&D expenses...............................    191,646       208,067       221,607       246,544       279,483       302,363



Per share data (in yen):

 Per share of common stock:

  Net income................................      10.71         17.30         40.87         52.74         34.08          9.93

  Cash dividends............................       9.00          9.00          9.00         10.00         10.00         10.00

 Per American Depositary Share,

   each representing 5 shares of

   common stock:

  Net income................................         54            87           204           264           170            50

  Cash dividends............................         45            45            45            50            50            50



At year-end:

 Total assets...............................  2,765,891     2,904,928     3,346,412     3,683,999     3,929,533     4,081,217

 Shareholders' equity.......................    514,269       593,218       689,361       805,185       880,936       878,353

 Employees..................................    101,227       102,452       104,022       114,599       117,994       128,320









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                                                                    In millions of yen                              In thousands of

                                                                                                                      U.S. dollars

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                                                 1993          1994          1995          1996          1997              1997

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For the fiscal year:

 Sales and other income.....................Y 3,583,552   Y 3,652,501   Y 3,829,538   Y 4,427,272   Y 5,064,872      $ 40,845,742

 Net sales..................................  3,514,979     3,579,787     3,769,357     4,397,192     4,948,437        39,906,750

 Operating income...........................     27,136        77,481       155,769       247,802       183,781         1,482,105

 Income (loss) before income taxes..........    (37,692)       25,110        74,724       151,318       121,222           977,597

 Income taxes...............................     22,019        25,531        51,448        76,376        24,900           200,806

 Net income (loss)..........................    (45,160)        6,606        35,316        77,166        91,581           738,556

 Capital expenditures.......................    230,787       230,069       300,220       401,999       432,962         3,491,629

 Depreciation...............................    226,456       213,380       222,780       260,247       272,933         2,201,073

 R&D expenses...............................    275,017       261,659       266,006       298,713       348,537         2,810,782



Per share data (in yen and U.S. dollars):

 Per share of common stock:

  Net income (loss).........................     (29.34)         4.29         22.92         45.21         51.78             0.418

  Cash dividends............................      10.00         10.00         10.00         11.00         11.00             0.089

 Per American Depositary Share,

   each representing 5 shares of

   common stock:

  Net income (loss).........................       (147)           21           115           226           259              2.09

  Cash dividends............................         50            50            50            55            55              0.44



At year-end:

 Total assets...............................  3,978,899     4,039,809     4,151,320     4,683,120     4,799,165        38,702,944

 Shareholders' equity.......................    805,833       782,061       790,749       878,852     1,003,371         8,091,702

 Employees..................................    140,969       147,910       151,069       152,719       151,966



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Notes:
  1. U.S. dollar amounts are translated from yen, for convenience only, at the rate of Y124=U.S.$1.
  2. Computation of net income or loss per share is based on the average number of shares of common stock outstanding during each year, with consideration of the dilutive effect of common stock equivalents.
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